Pace, founded in 1960 by Arne Glimcher, has shepherded the careers of dozens of household-name artists and currently represents or shows, at its various galleries around the world, David Hockney, Robert Ryman, Kiki Smith, Yoshitomo Nara, Maya Lin, the estates of Donald Judd and Josef Albers and many other artists. Pace’s President, Matt Glimcher, said the new development is long overdue. “The last ten years have seen incredible changes in the art world as creative communities from different parts of the world have started to connect. Now it’s time for the art galleries to change too,” said Glimcher.